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54.5¢ slater & gordon limited

Lawyers Weekly, page-57

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Bagholding789

3,304 Posts.

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14/03/17

12:36

Post #: 23328372
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Originally posted by denbo ↑

Though I haven't been posting I've been following this forum - which is it's usual war-zone between holders who seem to complete dunces in the eyes of non-holders who feel it's OK to turn up and dump their pearls of wisdom.

OK SGH is a punt.

Has been since 2015 when everyone was blind-sided by misinformation.

My take is it's not a question of whether SGH will survive - it will - but who knows what it will look like 6 months from now.

My hope is that banks can see that SGH immediate problem (appears to be?) is cash-flow.

Given a long-term deal, likely it can get through this once it starts to exploit it's new UK market - heavens alive Redde is, so the business must be there.

And SGH announcement said it was negotiating just this sort of a deal with the banks to 2021 and seemed quite confident it would make one.

Why wouldn't banks want to do that kind of a deal with a business that's got an 80-year-old history of cash-flow.

So - wait and see I suppose

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SGH Price at posting: 9.1¢ Sentiment: None Disclosure: Not Held
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